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China promises further opportunities for overseas investment

(Xinhua)
Updated: 2009-09-09 10:31

Chinese State Councilor and Secretary-general of the State Council Ma Kai speaks during the 13th China International Fair for Investment and Trade (CIFIT) in Xiamen, southeast China's Fujian province, Sept 8, 2009. [Xinhua]

The Chinese government has pledged to provide more opportunities for overseas investment to help refuel global trade, and also encourage Chinese enterprises to invest overseas, a senior Cabinet official said Tuesday.

Ma Kai, state councilor and secretary general of the State Council, made the remarks at an investment fair in Xiamen, Fujian province on Tuesday.

He said expansion of trade and cross-national investment is a key tool to tackle the global economic recession and will benefit the world economy in the long run.

China will work to push forward the reform of the global financial system and objects to protectionism in any form, he added, calling on nations to eliminate barriers of trade and investment to create a fair and open environment for cooperation among enterprises.

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He said China's economy had seen positive signs, helped by the stimulus packages the central government put into place in November to weather the economic slowdown.

China would continue the proactive fiscal policy and appropriately loose monetary policy to ensure economic growth, enhance adjustment of economic structure and improve people's livelihoods, he noted.